My First Investing/Trading Books

When I was learning about investing in the stock market, I needed books for more information. There are a lot of free pdf on the web but the books that I like, I want to have a hard copy of it so that my children maybe can read it someday. Maybe that will be the legacy that I'll be leaving them. I want them to know money management as it is very important. If only I have known that when we were kids, maybe I have chosen a different path.

So, I went to check the bookstore and EXPENSIVE!! I searched for online bookstores that offers affordable books like amazon and I found at about BOOK DEPOSITORY.

These are my first books.
Jesse Livermore's Methods of Trading in Stocks - Richard Wyckoff
This was my first ever book about trading. It has only 32 pages and can be read in one sitting but full of information. It tells about how Livermore's preparation before and after trading, money management, news, stocks to trade and pyramiding.

How To Trade in Stocks - Jesse Livermore
I bought this books together with the above book and it's almost similar but this book is more detailed.

Market Wizards - Jack Schwager
If you want to understand more about trading from different traders, this is the book for you. It has a lot of editions and no matter what edition of book you'll be buying, I guarantee you it is worth reading. You'll be able to know that in trading, the holy grail is really 'You'. 

How To Make Money in Stocks - William O'Neil
This book is a great starting point if you want to get involved in stock market. It discusses about the CANSLIM method, a combination of fundamentals and technicals but more on fundamentals. I think Mark Minervini who is more into technical analysis uses CANSLIM to pick his stocks.

Other Books That I Recommend

I bought a lot of books aside from the above-mentioned and some books were a meh. I still have unread books in my drawer. So, do you think I am profitable after all the readings? Hahaha I am still learning and still experimenting what's best for me and I think that's the most important to NOT GIVE UP on the dream of becoming a consistent investor/trader. As they say, PRACTICE MAKES PERFECT.

Knowledge enables a person to make informed and intelligent decisions. Books convey that knowledge. Hence books have the power to change your life.

P.S. I will be writing soon about my experiences and what I learned so that others will have a better picture what it is like in the market. Baka sabihin ng iba magiging guru na ako nito but NO. If you are really serious in becoming a trader, I would recommend Caylum Institute but it is expensive around 6 digits but worth it. If you want to practice virtually, you can go to Investagrams and you can follow Boss JC Bisnar (founder), Jet Toyco, Rayner Teo (Sg Based, forex and technical analysis) and others. Other references Tradeciety (pure technical analysis), Chat with Traders (Youtube channel).

*All those in blue are linked to their respective websites. Click for more information.


Comments

  1. hi did you already trade stocks here in aussie? let me know if you do. cheers

    ReplyDelete

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